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Peoples Bancorp of North Carolina

Nasdaq:PEBK
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PEBK
Nasdaq
$163M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Peoples Bancorp of North Carolina, Inc. operates as a bank holding company for Peoples Bank that provides various banking products and services to individuals and small to medium-sized businesses. The last earnings update was 80 days ago. More info.


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PEBK Share Price and Events
7 Day Returns
-1.3%
NasdaqGM:PEBK
-1.1%
US Banks
-1.2%
US Market
1 Year Returns
-16%
NasdaqGM:PEBK
-6.5%
US Banks
3.4%
US Market
PEBK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Peoples Bancorp of North Carolina (PEBK) -1.3% -3.9% -0.4% -16% 44.5% 81.2%
US Banks -1.1% 2.7% -0.4% -6.5% 45.1% 45.5%
US Market -1.2% 0.7% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • PEBK underperformed the Banks industry which returned -6.5% over the past year.
  • PEBK underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
PEBK
Industry
5yr Volatility vs Market

PEBK Value

 Is Peoples Bancorp of North Carolina undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Peoples Bancorp of North Carolina to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Peoples Bancorp of North Carolina.

NasdaqGM:PEBK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $19.34 * 8.7%
$1.68
Book Value of Equity per Share Median Book Value from the past 5 years. $19.34
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:PEBK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.597 (1 + (1- 21%) (40.58%))
0.858
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.858 * 5.96%)
7.84%

Discounted Cash Flow Calculation for NasdaqGM:PEBK using Excess Returns Model Model

The calculations below outline how an intrinsic value for Peoples Bancorp of North Carolina is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGM:PEBK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.7% – 7.84%) * $19.34)
$0.17
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.17 / (7.84% - 2.73%)
$3.27
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $19.34 + $3.27
$22.61
NasdaqGM:PEBK Discount to Share Price
Calculation Result
Value per share (USD) From above. $22.61
Current discount Discount to share price of $27.33
= -1 x ($27.33 - $22.61) / $22.61
-20.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Peoples Bancorp of North Carolina is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Peoples Bancorp of North Carolina's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Peoples Bancorp of North Carolina's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:PEBK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.29
NasdaqGM:PEBK Share Price ** NasdaqGM (2019-07-19) in USD $27.33
United States of America Banks Industry PE Ratio Median Figure of 594 Publicly-Listed Banks Companies 12.72x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Peoples Bancorp of North Carolina.

NasdaqGM:PEBK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:PEBK Share Price ÷ EPS (both in USD)

= 27.33 ÷ 2.29

11.92x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Peoples Bancorp of North Carolina is good value based on earnings compared to the US Banks industry average.
  • Peoples Bancorp of North Carolina is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Peoples Bancorp of North Carolina's expected growth come at a high price?
Raw Data
NasdaqGM:PEBK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
4.3%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.2x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Peoples Bancorp of North Carolina, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Peoples Bancorp of North Carolina's assets?
Raw Data
NasdaqGM:PEBK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $21.11
NasdaqGM:PEBK Share Price * NasdaqGM (2019-07-19) in USD $27.33
United States of America Banks Industry PB Ratio Median Figure of 594 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,247 Publicly-Listed Companies 1.79x
NasdaqGM:PEBK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:PEBK Share Price ÷ Book Value per Share (both in USD)

= 27.33 ÷ 21.11

1.29x

* Primary Listing of Peoples Bancorp of North Carolina.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Peoples Bancorp of North Carolina is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Peoples Bancorp of North Carolina's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Peoples Bancorp of North Carolina has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PEBK Future Performance

 How is Peoples Bancorp of North Carolina expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Peoples Bancorp of North Carolina, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Peoples Bancorp of North Carolina expected to grow at an attractive rate?
  • Peoples Bancorp of North Carolina's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Peoples Bancorp of North Carolina's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Peoples Bancorp of North Carolina's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:PEBK Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:PEBK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 4.3%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.8%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:PEBK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:PEBK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 60 18 14
2018-12-31 59 17 13
2018-09-30 55 16 12
2018-06-30 54 18 12
2018-03-31 56 16 11
2017-12-31 55 19 10
2017-09-30 54 14 10
2017-06-30 53 12 9
2017-03-31 52 12 9
2016-12-31 54 12 9
2016-09-30 51 12 10
2016-06-30 51 15 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Peoples Bancorp of North Carolina's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Peoples Bancorp of North Carolina is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:PEBK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Peoples Bancorp of North Carolina Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:PEBK Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.29
2018-12-31 2.23
2018-09-30 1.99
2018-06-30 1.96
2018-03-31 1.90
2017-12-31 1.71
2017-09-30 1.60
2017-06-30 1.47
2017-03-31 1.49
2016-12-31 1.52
2016-09-30 1.66
2016-06-30 1.66

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Peoples Bancorp of North Carolina will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Peoples Bancorp of North Carolina's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Peoples Bancorp of North Carolina has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PEBK Past Performance

  How has Peoples Bancorp of North Carolina performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Peoples Bancorp of North Carolina's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Peoples Bancorp of North Carolina's year on year earnings growth rate has been positive over the past 5 years.
  • Peoples Bancorp of North Carolina's 1-year earnings growth exceeds its 5-year average (20.9% vs 8.9%)
  • Peoples Bancorp of North Carolina's earnings growth has not exceeded the US Banks industry average in the past year (20.9% vs 37.7%).
Earnings and Revenue History
Peoples Bancorp of North Carolina's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Peoples Bancorp of North Carolina Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:PEBK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 59.95 13.75 31.65
2018-12-31 58.58 13.38 31.15
2018-09-30 54.76 11.96 30.53
2018-06-30 54.38 11.73 29.88
2018-03-31 56.30 11.37 29.29
2017-12-31 55.44 10.27 29.19
2017-09-30 54.34 9.56 29.69
2017-06-30 52.84 8.78 29.86
2017-03-31 52.23 8.93 29.51
2016-12-31 53.98 9.18 29.60
2016-09-30 51.50 10.06 28.98
2016-06-30 50.67 10.10 28.07
2016-03-31 49.39 9.76 27.53
2015-12-31 48.51 9.63 26.83
2015-09-30 47.20 9.26 26.77
2015-06-30 46.55 9.21 26.72
2015-03-31 46.26 9.14 26.92
2014-12-31 46.13 9.39 25.99
2014-09-30 45.10 8.77 25.11
2014-06-30 44.32 8.09 24.29
2014-03-31 42.86 7.01 23.37
2013-12-31 41.25 6.04 24.16
2013-09-30 40.68 5.90 23.11
2013-06-30 39.94 5.39 23.05
2013-03-31 39.70 5.07 22.72
2012-12-31 39.16 4.78 22.36
2012-09-30 39.37 5.16 21.76

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Peoples Bancorp of North Carolina has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Peoples Bancorp of North Carolina used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Peoples Bancorp of North Carolina improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Peoples Bancorp of North Carolina's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Peoples Bancorp of North Carolina has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PEBK Health

 How is Peoples Bancorp of North Carolina's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Peoples Bancorp of North Carolina's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Peoples Bancorp of North Carolina Company Filings, last reported 3 months ago.

NasdaqGM:PEBK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 126.58 61.85 40.00
2018-12-31 123.62 78.71 34.45
2018-09-30 119.72 76.39 46.46
2018-06-30 118.17 67.19 58.69
2018-03-31 116.48 58.88 57.07
2017-12-31 115.98 58.38 49.83
2017-09-30 116.15 93.93 83.92
2017-06-30 113.93 90.60 66.11
2017-03-31 110.14 82.78 80.31
2016-12-31 107.43 77.05 64.02
2016-09-30 110.65 115.04 67.13
2016-06-30 111.78 106.83 50.39
2016-03-31 107.76 100.18 60.80
2015-12-31 104.86 91.99 25.18
2015-09-30 102.91 117.86 31.32
2015-06-30 100.39 118.90 43.29
2015-03-31 101.51 109.32 56.12
2014-12-31 98.67 119.05 56.53
2014-09-30 96.21 132.64 72.48
2014-06-30 93.05 132.38 64.51
2014-03-31 88.41 128.94 69.45
2013-12-31 83.72 131.02 65.30
2013-09-30 95.67 138.79 70.61
2013-06-30 95.35 136.59 69.53
2013-03-31 98.28 128.01 61.57
2012-12-31 97.75 125.20 39.22
2012-09-30 96.83 133.76 46.28
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Peoples Bancorp of North Carolina has an acceptable proportion of non-loan assets held.
  • Peoples Bancorp of North Carolina's liabilities are made up of primarily low risk sources of funding.
  • Loans at Peoples Bancorp of North Carolina are broadly funded by customer deposits.
  • Peoples Bancorp of North Carolina's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Peoples Bancorp of North Carolina has a sufficient allowance for bad loans.
  • Peoples Bancorp of North Carolina has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Peoples Bancorp of North Carolina's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Peoples Bancorp of North Carolina has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PEBK Dividends

 What is Peoples Bancorp of North Carolina's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.05%
Current annual income from Peoples Bancorp of North Carolina dividends.
If you bought $2,000 of Peoples Bancorp of North Carolina shares you are expected to receive $41 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Peoples Bancorp of North Carolina's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Peoples Bancorp of North Carolina's dividend is below the markets top 25% of dividend payers in United States of America (3.78%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:PEBK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 480 Stocks 3.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:PEBK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-20 0.560 2.008
2019-01-09 0.560 2.048
2018-11-19 0.520 2.012
2018-08-20 0.520 1.791
2018-05-18 0.520 1.637
2018-02-20 0.520 1.720
2018-01-22 0.440 1.469
2017-11-20 0.436 1.385
2017-08-18 0.436 1.447
2017-05-19 0.436 1.576
2017-02-17 0.436 1.679
2016-11-18 0.364 1.627
2016-08-19 0.364 1.918
2016-05-20 0.364 2.016
2016-02-19 0.291 1.703
2015-11-20 0.291 1.688
2015-08-21 0.291 1.738
2015-05-22 0.218 1.296
2015-02-20 0.218 1.301
2014-11-21 0.218 1.330
2014-08-21 0.146 0.933
2014-05-27 0.146 0.976
2014-02-21 0.146 0.997
2013-11-22 0.109 0.818
2013-08-16 0.109 0.937
2013-05-24 0.109 0.920
2013-02-22 0.109 1.049
2013-01-28 0.073 0.769
2012-11-09 0.073 0.834
2012-10-22 0.073 0.795
2012-08-21 0.073 0.819
2012-08-10 0.073 0.861
2012-07-27 0.073 0.918
2012-05-18 0.073 0.995
2012-02-24 0.073 1.001
2012-01-30 0.073 1.150
2011-11-22 0.073 1.468
2011-11-09 0.073 1.432
2011-10-26 0.073 1.449
2011-08-19 0.073 1.722
2011-08-12 0.073 1.583
2011-07-25 0.073 1.435
2011-05-10 0.073 1.276
2011-04-25 0.073 1.222
2011-02-25 0.073 1.200
2011-01-31 0.073 1.261
2010-11-23 0.073 1.526
2010-11-10 0.073 1.596
2010-11-04 0.073 1.602
2010-08-20 0.073 1.568
2010-08-11 0.073 1.563
2010-07-26 0.073 1.594
2010-05-13 0.073 1.468
2010-05-10 0.073 1.225
2010-04-21 0.073 1.152
2010-02-26 0.073 1.391
2010-01-27 0.073 1.510
2009-11-24 0.073 1.674
2009-11-12 0.255 5.438
2009-10-28 0.255 4.786
2009-08-20 0.254 4.271
2009-08-14 0.255 4.448
2009-07-20 0.255 4.515
2009-05-22 0.254 4.423
2009-02-20 0.364 6.841
2008-11-25 0.436 5.744
2008-08-22 0.436 4.292

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Peoples Bancorp of North Carolina's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Peoples Bancorp of North Carolina's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Peoples Bancorp of North Carolina afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Peoples Bancorp of North Carolina has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PEBK Management

 What is the CEO of Peoples Bancorp of North Carolina's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lance Sellers
COMPENSATION $517,278
AGE 56
TENURE AS CEO 6.7 years
CEO Bio

Mr. Lance A. Sellers has been the Chief Executive Officer and President of Peoples Bancorp of North Carolina, Inc. since November 1, 2012. Mr. Sellers has been the Chief Executive Officer and President of Peoples Bank (Newton, NC) at Peoples Bancorp of North Carolina, Inc. since November 1, 2012. Mr. Sellers served as Executive Vice President and Assistant Corporate Secretary of Peoples BanCorp of North Carolina, Inc. Mr. Sellers served as Executive Vice President and Chief Credit Officer of Peoples Bank. He served as the Chief Banking Officer of peoples Bank. Mr. Sellers has been employed by Peoples BanCorp of North Carolina, Inc. and Peoples Bank since 1998. Prior to 2001, he served as Peoples Bank's Executive Vice President - Credit Administration, Mortgage Lending and Commercial Banking. Prior to 1999, he was Bank's Senior Vice President, Credit Administration. Prior to August 1998, he was Senior Credit Officer at a large North Carolina bank. Mr. Sellers has a total of 25 years of banking experience. He is a graduate of the University of North Carolina at Chapel Hill and upon graduation served as a Senior Credit Officer at a regional bank headquartered in North Carolina.

CEO Compensation
  • Lance's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Lance's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Lance Sellers

TITLE
President & CEO
COMPENSATION
$517K
AGE
56
TENURE
6.7 yrs

Joe Lampron

TITLE
Executive VP
COMPENSATION
$408K
AGE
64
TENURE
17.6 yrs

Bill Cable

TITLE
Executive VP
COMPENSATION
$317K
AGE
50

Krissy Price

TITLE
Vice President & Assistant Corporate Secretary

George Earp

TITLE
Senior VP & Finance Director

Daniel Richard

TITLE
Senior Vice President

Jan Griffin

TITLE
Senior VP & Director of Loan Operations

Jody Street

TITLE
Senior Vice President

Jeffery Gniadek

TITLE
Senior VP & Area Executive – Hickory

David Reitzel

TITLE
Senior Vice President of Real Estate Administration
Board of Directors Tenure

Average tenure and age of the Peoples Bancorp of North Carolina board of directors in years:

18.5
Average Tenure
63.5
Average Age
  • The average tenure for the Peoples Bancorp of North Carolina board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Robert Abernethy

TITLE
Chairman of the Board
COMPENSATION
$52K
AGE
68
TENURE
28.5 yrs

James Abernethy

TITLE
Vice Chairman of the Board
COMPENSATION
$42K
AGE
64

Dan Timmerman

TITLE
Director
COMPENSATION
$43K
AGE
71
TENURE
24.5 yrs

Billy Price

TITLE
Director
COMPENSATION
$39K
AGE
62
TENURE
15.3 yrs

Larry Robinson

TITLE
Director
COMPENSATION
$37K
AGE
73
TENURE
26.5 yrs

Benjamin Zachary

TITLE
Director
COMPENSATION
$37K
AGE
62
TENURE
24.5 yrs

Gary Matthews

TITLE
Director
COMPENSATION
$32K
AGE
63
TENURE
18.5 yrs

John Lineberger

TITLE
Director
COMPENSATION
$38K
AGE
68
TENURE
15.3 yrs

Douglas Howard

TITLE
Director
COMPENSATION
$39K
AGE
59
TENURE
15.3 yrs

Greg Terry

TITLE
Director
COMPENSATION
$31K
AGE
51
TENURE
15.3 yrs
Who owns this company?
Recent Insider Trading
  • Peoples Bancorp of North Carolina individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. May 19 Sell James Abernethy Individual 17. May 19 17. May 19 -1,500 $28.00 $-41,650
12. Feb 19 Sell James Abernethy Individual 12. Feb 19 12. Feb 19 -1,500 $27.50 $-41,250
30. Nov 18 Buy Robert Abernethy Individual 29. Nov 18 29. Nov 18 968 $29.00 $28,072
25. Oct 18 Buy Douglas Howard Individual 25. Oct 18 25. Oct 18 500 $28.00 $14,000
28. Aug 18 Sell James Abernethy Individual 27. Aug 18 27. Aug 18 -1,000 $30.34 $-30,335
06. Aug 18 Buy Billy Price Individual 06. Aug 18 06. Aug 18 200 $30.74 $6,148
03. Aug 18 Buy Lance Sellers Individual 03. Aug 18 03. Aug 18 150 $30.60 $4,591
26. Jul 18 Sell James Abernethy Individual 26. Jul 18 26. Jul 18 -1,000 $32.12 $-32,120
X
Management checks
We assess Peoples Bancorp of North Carolina's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Peoples Bancorp of North Carolina has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PEBK News

Simply Wall St News

Should You Worry About Peoples Bancorp of North Carolina, Inc.'s (NASDAQ:PEBK) CEO Salary Level?

Lance Sellers became the CEO of Peoples Bancorp of North Carolina, Inc. … See our latest analysis for Peoples Bancorp of North Carolina How Does Lance Sellers's Compensation Compare With Similar Sized Companies? … A first glance this seems like a real positive for shareholders, since Lance Sellers is paid less than the average total compensation paid by similar sized companies.

Simply Wall St -

Does Peoples Bancorp of North Carolina, Inc.'s (NASDAQ:PEBK) P/E Ratio Signal A Buying Opportunity?

Peoples Bancorp of North Carolina has a price to earnings ratio of 12.16, based on the last twelve months. … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Peoples Bancorp of North Carolina: P/E of 12.16 = $27.89 ÷ $2.29 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … The Verdict On Peoples Bancorp of North Carolina's P/E Ratio Peoples Bancorp of North Carolina has a P/E of 12.2.

Simply Wall St -

With EPS Growth And More, Peoples Bancorp of North Carolina (NASDAQ:PEBK) Is Interesting

So if you're like me, you might be more interested in profitable, growing companies, like Peoples Bancorp of North Carolina (NASDAQ:PEBK). … Check out our latest analysis for Peoples Bancorp of North Carolina Peoples Bancorp of North Carolina's Earnings Per Share Are Growing. … So if you like to buy cheap, you may want to check if Peoples Bancorp of North Carolina is trading on a high P/E or a low P/E, relative to its industry.

Simply Wall St -

How Does Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Fare As A Dividend Stock?

A 2.0% yield is nothing to get excited about, but investors probably think the long payment history suggests Peoples Bancorp of North Carolina has some staying power. … There are a few simple ways to reduce the risks of buying Peoples Bancorp of North Carolina for its dividend, and we'll go through these below. … Explore this interactive chart for our latest analysis on Peoples Bancorp of North Carolina!

Simply Wall St -

What Percentage Of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Shares Do Insiders Own?

Every investor in Peoples Bancorp of North Carolina, Inc. … With a market capitalization of US$164m, Peoples Bancorp of North Carolina is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Peoples Bancorp of North Carolina

Simply Wall St -

Should Peoples Bancorp of North Carolina (NASDAQ:PEBK) Be Disappointed With Their 90% Profit?

To wit, the Peoples Bancorp of North Carolina share price has climbed 90% in five years, easily topping the market return of 46% (ignoring dividends). … During five years of share price growth, Peoples Bancorp of North Carolina achieved compound earnings per share (EPS) growth of 18% per year. … Dive deeper into the earnings by checking this interactive graph of Peoples Bancorp of North Carolina's earnings, revenue and cash flow.

Simply Wall St -

Does Peoples Bancorp of North Carolina, Inc.'s (NASDAQ:PEBK) CEO Salary Compare Well With Others?

Lance Sellers became the CEO of Peoples Bancorp of North Carolina, Inc. … See our latest analysis for Peoples Bancorp of North Carolina? … How Does Lance Sellers's Compensation Compare With Similar Sized Companies.

Simply Wall St -

What Makes Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) A Hard Investment?

As a small-cap finance stock with a market capitalisation of US$170m, the risk and profitability of Peoples Bancorp of North Carolina, Inc. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Peoples Bancorp of North Carolina to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place Peoples Bancorp of North Carolina in a safe position in the face of adverse headwinds.

Simply Wall St -

Why Peoples Bancorp of North Carolina, Inc.’s (NASDAQ:PEBK) Risk Control Makes It Attractive

As a small-cap bank with a market capitalisation of US$167m, Peoples Bancorp of North Carolina, Inc.’s (NASDAQ:PEBK) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Peoples Bancorp of North Carolina’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of Peoples Bancorp of North Carolina's a stock investment.

Simply Wall St -

How Does Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Fare As A Dividend Stock?

Historically, Peoples Bancorp of North Carolina, Inc. … Does Peoples Bancorp of North Carolina tick all the boxes of a great dividend stock? … Check out our latest analysis for Peoples Bancorp of North Carolina?

Simply Wall St -

PEBK Company Info

Description

Peoples Bancorp of North Carolina, Inc. operates as a bank holding company for Peoples Bank that provides various banking products and services to individuals and small to medium-sized businesses. It offers various deposit products. The company’s loan products comprise commercial real estate, commercial, construction and land development, single-family residential, residential mortgage, individual taxpayer identification number mortgage loans, as well as agricultural loans. It also provides investment counseling and non-deposit investment products, such as stocks, bonds, mutual funds, tax deferred annuities, and related brokerage services; and real estate appraisal and brokerage services. In addition, the company operates as a clearing-house for the provision of appraisal services for community banks; and acquires, manages, and disposes real property, other collateral, and other assets obtained in the ordinary course of collecting debts. As of December 31, 2018, it operated 20 banking offices located in Lincolnton, Newton, Denver, Catawba, Conover, Maiden, Claremont, Hiddenite, Hickory, Charlotte, Cornelius, Mooresville, Raleigh, and Cary in North Carolina. The company also operates loan production offices in Denver and Durham, North Carolina. Peoples Bancorp of North Carolina, Inc. was founded in 1912 and is headquartered in Newton, North Carolina.

Details
Name: Peoples Bancorp of North Carolina, Inc.
PEBK
Exchange: NasdaqGM
Founded: 1912
$162,767,504
5,955,635
Website: http://www.peoplesbanknc.com
Address: Peoples Bancorp of North Carolina, Inc.
518 West C Street,
Newton,
North Carolina, 28658,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM PEBK Common Stock Nasdaq Global Market US USD 16. Oct 1985
Number of employees
Current staff
Staff numbers
328
Peoples Bancorp of North Carolina employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 01:57
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.